A strong social and economic footprint in France. The disclosure of share transactions carried out from February 20 th to February 24 th, 2023 was sent to the AMF on February 28 th, 2023. The company specializes in fur, leather, ready-to-wear, shoes, perfumes, eyewear, watches, and other accessories. Watches and Jewelry remains one of the smaller LVMH groups when it comes to profit. The end of the year has been marked by the premature passing of Virgil Abloh, Mens Artistic Director of Louis Vuitton since March 2018. This shows if LVMH discloses data about the diversity of its board of directors, C-Suite, general management, and employees overall across a variety of markers. Luxury fashion, jewelry, beauty products, wine and spirits. The Maison paid tribute to the life and legacy of this creative genius with the Miami fashion show, Virgil Was Here. To use individual functions (e.g., mark statistics as favourites, set Chart. A record year despite the geopolitical and economic situation. Headquartered in Switzerland, Hublot managed to establish a foothold in the competitive watch market with a blend of traditional watchmaking techniques, unconventional materials, and cutting-edge technology. Conglomerate: Definition, Meaning, Creation, and Examples. The structural impact for the Group compared to 2020 was +10% mainly related to the consolidation of Tiffany & Co. for the first time. LVMH Japan and SoftBank Corp. Agree on Strategic Pa LVMH holds third edition of LVMH Watch Week, drivin FD (condensed consolidated financial statements, consolidated cash flow statement), FD (Notes 1.23 and 19 of the appendix to the consolidated financial statements), FD (Part 7, Comments on the Consolidated Balance Sheet), FD (Part 1, Comments on the Consolidated Income Statement), https://www.lvmh.com/news-documents/press-releases/new-records-for-lvmh-in-2021/. Profit from recurring operations was up 16%. Most recognizable for: The brand is known for its bright orange shopping bags and its leather products, which are usually heavily emblazoned with its "LV" logo. LVMH Mot Hennessy Louis Vuitton recorded revenue of 56.5 billion euros ($55.1 billion) for the first nine months of 2022, up 28 percent compared to the same period of 2021. Officine Universelle Buly was revived in 2014 by Ramdane Touhami and Victoire de Taillac who had a passion for sharing Frances beauty care heritage. There are now 122 stores around the world in 28 countries. The luxury goods titan - which owns . In 2020, the luxury conglomerate earned 44.7 billion in revenue, employed 150,000 workers, and maintained over 5,000 . LVMH is a luxury group owned by the Arnault family, which generated over 79 billion in revenue ($83 billion) in revenue in 2022, with a luxury empire that spans many segments, from spirits to fashion, luxury and cosmetics, and luxury retail. For its first year in the Group, Tiffany saw record performance in terms of revenue, profits and cash flow, and increased its global attractivity as a result of its high impact innovations and collaborations. Louis Vuitton purchased Veuve Clicquot in 1986, just a year before the fashion company merged with Mot Hennessy. (January 26, 2023). Business Solutions including all features. An interim dividend of 3 euros per share was paid on December 2 of last year. The health crisis continued to weigh on the activities of DFS due to the persistent weakness in the numbers of travelers. * Includes all Belmond revenue for the period from April to September 2019. In LVMH's recent earnings call, CEO Bernard Arnault declared Louis Vuitton is no longer just a fashion brand but a cultural creative company. LVMH is currently highly dependent on a small number of well-performing brands for large shares of its revenue. Leading personal luxury goods markets worldwide 2020, by country, Revenue of the Kering Group worldwide from 2012 to 2022, by brand, Total revenue of the LVMH Group worldwide 2008-2022, Total sales of the Richemont Group worldwide 2008-2022. The Fashion and Leather Goods business represents 36 percent of the revenue for LVMH, growing significantly by 21 percent year-over-year with profit margins from reoccurring operations increasing 1.4 percentage points. It was founded in 1668. Following its huge success in Paris, London and Shanghai, the Christian Dior, Designer of Dreams exhibition was inaugurated in New York. Accessed March 05, 2023. https://www.statista.com/statistics/410638/lvmh-group-revenue-worldwide-by-geographic-region/, LVMH. Good performance of the other Watches & Jewelry Maisons. Anderson. Sephora has more store locations than its rival, Ulta, and carries a variety of high-end brands, among them Fenty Beauty by Rihanna and Kat Von D. Most recognizable for: Marc Jacobs was founded by designer Marc Jacobs in 1984. Investopedia does not include all offers available in the marketplace. Organic revenue growth was 10%. Sales for LVMH amounted to 64.2 billion euros ($71.55 billion) for the 2021 fiscal year, an increase of 44 percent compared to the year before and 20 percent compared to pre-pandemic 2019, the French luxury goods group reported on Thursday. Maison Francis Kurkdjian supports efforts to protect sperm whales. This represents a 44 per cent increase when compared to 2020 and up 20 per cent when benchmarked against 2021. In, LVMH. By clicking Sign up, you agree to receive marketing emails from Insider Within a mild level of debt of $11 billions with $8.5 billions in annual cash flow, 77% of the company's debt is well covered by its cash flow. The French luxury conglomerate, which helms 75 top-tier brands including Louis Vuitton and Tiffany & Co., raked in a record . Arnault, the wealthiest person in France and one of the wealthiest in the world, is Chair and CEO of LVMH, the world's largest luxury conglomerate. Louis Vuitton, which celebrated the 200th anniversary of the birth of its founder, enjoyed a remarkable performance, driven by the success of Nicolas Ghesquires creations for the feminine universe of the Maison. The Vision & Virtuosity exhibition at the Saatchi Gallery in London showcased 185 years of creativity and know-how of the Maison over the summer. Louis Vuitton annual revenue for 2021 was $75.973B, a 48.95% increase from 2020. The Board of Directors met on January 26th to approve the financial statements for 2022. In 2021, LVMH Group's global revenue from all segments saw record increase on the previous . Two years later, LVMH purchased Prada's 25.5% stake in Fendi for $262 million to take control of the company. As required by current . The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information This was facilitated by an updated label and the ability of Glenmorangie to leverage LVMHs extensive distribution network. This compensation may impact how and where listings appear. Veblen Good: Definition, Examples, Difference from Giffen Good, High Earners, Not Rich Yet (HENRYs) Definition, The 4 Ps of Marketing and How To Use Them in Your Strategy, improve the awareness of the importance of diversity in companies, Creating Stability in the International Fashion Industry by Using Corporate Structures and Conglomerates, How One Franc Turned LVMH into the Worlds Largest Luxury Group, 1 EUR to USD Convert Euros to US Dollars. At the Annual General Meeting on April 21, 2022, LVMH will propose a dividend of 10 euros per share. As part of our effort to improve the awareness of the importance of diversity in companies, we have highlighted the transparency of LVMHs commitment to diversity, inclusiveness, and social responsibility. Audit procedures have been carried out and the audit report is being issued. In watchmaking, TAG Heuer inaugurated a major partnership with Porsche and successfully launched a Super Mario limited edition of its smartwatch for gaming enthusiasts. Fred continued its strong growth. LVMH, which owns brands such as Louis Vuitton and Dior, is the world's largest luxury goods conglomerate, with revenue reaching about $59 billion in 2019.. Profit from recurring operations by business group: Wines & Spirits: very strong demand in the United States, in Asia and rebound in Europe. Guerlain recorded excellent performance, driven by its Abeille Royale and Orchide Impriale skincare lines. Meanwhile, V Ray has worked with notable brands such as Benefit Cosmetics, LVMH, the Vatican, and more on tech innovation solutions, including AI, data-driven marketing, and Web3. Hublot is a luxury watchmaker that was founded in 1980 by Italian entrepreneur Carlo Crocco. LVMHs Fashion and Leather Goods group, of which Fendi is a part, generated 7.2 billion in profit on 21.2 billion in revenue in 2020. Organic revenue growth was 36% compared to 2020 and 14% compared to 2019. Who Is Bernard Arnault and What Companies Does LVMH Own? LVMHs ownership began when it and Prada each bought a 25.5% stake in Fendi in 2000. Officine Universelle Buly is a French beauty brand that was founded in Paris in 1803 by Jean-Vincent Bully. Profit from recurring operations stood at 21.1 billion for 2022, up 23%. Currently, you are using a shared account. Related Visual Resources Bernard Arnault's Net Worth Slow Fashion Patagonia Business Model Patagonia Organizational LVMH Revenue Read More Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Champagne volumes were up compared to 2019. The ideal entry-level account for individual users. Please create an employee account to be able to mark statistics as favorites. Loewe Perfumes is a botanic scent maker that released its first fragrance in 1972. (LVMH) has entrusted an investment services provider with a mandate for the acquisition . The Octo Finissimo Ultra watch broke a new record of thinness. The Wines & Spirits business group recorded organic revenue growth of 26% in 2021 compared to 2020 and 9% compared to 2019. This was during the Luxury Wars years. LVMH, a strong social economic footprint in France and around the world: * with comparable structure and constant exchange rates. LVMH acquired a 40% stake in Belvedere owner Millennium Import Company in 2002 with the stake increasing to 100% in 2005. 2022 FULL YEAR RESULTS. Since 1989, Louis Vuitton has been led by chair and CEO Bernard Arnault. The Maison accelerated the selectivity of its multi-brand network distribution and expanded its own boutiques. Operating investments of nearly 5 billion, mainly dedicated to the expansion of the store network, the development of production facilities and employment. In the process, it outbid compatriot Pernod Ricard. Since its inception, Loewe Perfumes has created several iconic perfumes for men, women, and the home. According to Wikipedia, the company was formed in Paris, 1987, by Bernard Arnault, through the merger of fashion house Louis Vuitton with Mot Hennessy and is growing consistently, with $53 Billion in revenue . The expansion of its store network continued, mainly in China and the United States, notably following on from its major partnership with the American retailer Kohls. The online retail giant offers a wide variety of clothing, accessories, and footwear for . The Watches & Jewelry business group recorded revenue growth of 18% in 2022 (12% on an organic basis). The regulated information related to this press release as well as the presentation of the annual results and the Financial documents report are available on the websitewww.lvmh.com Loewe, energized by the talent of JW Anderson, and Marc Jacobs also performed particularly well. Company DescriptionLVMH Fragrance Brands is a house of the Perfumes and Cosmetics division of LVMHSee this and similar jobs on LinkedIn. The Groups organic revenue growth of 22% in the fourth quarter compared to 2019 reflects the accelerated growth of its activities. Maison Francis Kurkdjian continued to enjoy rapid growth momentum thanks to the ongoing success of Rouge 540, particularly in the United States. The performance for the year confirms a return to strong growth momentum following the severe disruption to the first half of 2020 resulting from the global pandemic. Most recognizable for: Kat Von D Beauty was founded by tattoo artist Kat von D. The brand is known for its eyeshadow palettes. Basic Statistic Global revenue LVMH Group's fashion and leather goods segment 2008-2022; LVMH. French luxury giant LVMH has completed its purchase of US jeweller Tiffany, having previously sought to walk away from the deal. LMVH acquired Glenmorangie in 2004 for around 300 million which represented a 6% premium on the companys then-market capitalization. Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy. Ruinart opens new chapter with plans for Nicolas Ruinart Pavilion, Tel: +33 (0)1 44 13 21 21, Tel: +33 (0)1 44 13 22 22. At the time, the company noted that it would enable its Louis Vuitton division to establish a strong position in fashion and accessories. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. It was founded in 1969. Bernard Arnault's wealth is around $203 billion. 2015. Read more Luxury Giants Bank On Chinese Return As Western . LVMH Group, which owns brands including Louis Vuitton, Dior and Tiffany & Co., reported that its fourth-quarter revenue grew by 9%, marking the first time that the luxury conglomerate's . Louis Vuitton S.A.) LVMH . LVMH, the owner of Tiffany & Co. and Bulgari, is rumored to have its eyes on acquiring rival Richemont, according to Swiss newspaper Finanz und Wirtschaft.. The 24S digital platform recorded strong growth, driven by the unique nature of its selection process and its Parisian market positioning. Luxury Giant LVMH to Buy Tiffany for $16.2 Billion., Bloomberg. LVMH Mot Hennessy Louis Vuitton, the worlds leading luxury goods group, recorded revenue of 79.2 billion in 2022 and profit from recurring operations of 21.1 billion, both up 23%. Free Tools ; Leads by Industry . 35-year old Arnault - who had spent the previous 10 years heading up the construction firm founded by his grandfather - took $15 million from his . The Fashion & Leather Goods business group recorded revenue growth of 25% in 2022 (20% on an organic basis). Chart. Christian Dior continued its remarkable growth trajectory across all its product lines. LVMH Net Profit Jumps 156% in 2021, Boosted by Strong Q4. Fashion giant Christian Dior is famous for its designer clothing and is part of LVMHs highly profitable Fashion and Leather Goods group. LVMH: A Timeline Behind the Building of the Worlds Most Valuable Luxury Goods Conglomerate., Quartz. . LVMH is a France-based holding company that acquires, owns, operates and manages consumer goods brands. Its fashion and leather goods division, for which organic revenue declined by 11% over the first nine months of the year, saw a double-digit rebound of 12% growth in the third quarter. Profit from recurring operations was back in positive territory in 2021. A record level of operating free cash flow. The flagship destinations of Hong Kong and Macau particularly suffered as a result of the suspension of domestic travel and the complete absence of tourists but just reopened in January. PARISLVMH Mot Hennessy Louis Vuitton SE said surging revenue at its biggest fashion brands, Louis Vuitton and Dior, propped up the luxury-goods company's results during the fourth quarter . The French group BENETEAU has just announced a net increase in 2022 revenue by +23% to 1.5 billion euros. Bvlgari confirmed its strong momentum, particularly in Europe, Japan and the United States. But the coronavirus pandemic and its negative effects on the luxury jewelry market prompted Arnault to renegotiate a discount from the originally agreed-upon acquisition price. LVMH Mot Hennessy Louis Vuitton, the world's leading luxury goods group, recorded revenue of 79.2 billion in 2022 and profit from recurring operations of 21.1 . Profit from the additional features of your individual account. It reported net profit of 4.7 billion on revenue of 44 . The company is a relatively recent acquisition for LVMH, having only been acquired in 2021. The regulated information related to this press release as well as the presentation of annual results and the Financial Documents report are available on www.lvmh.com. * The financial statements as of December 31, 2013 and 2012 have been restated to reflect the retrospective application as of January 1, 2012 of IFRS 11 Joint Arrangements. Sauvage confirmed its position as the worlds leading perfume, while the iconic womens fragrances Miss Dior and Jadore, enriched with its latest creation Parfum dEau, continued to grow. LVMH, the world's leading luxury products group, gathers 75 prestigious brands, with 79.2 billion euros revenue in 2022 and a retail network of over 5,600 stores worldwide. In 2021, Hennessy's revenue rose by 26 percent and gave a $6.7 billion revenue. Group share of net profit was 14.1 billion, up 17% compared to 2021. Moynat is a Parisian maker of luggage and suitcases that was founded by Octavie and Franois Coulembier in 1849. Most recognizable for: In 2017, Fenty Beauty by Rihanna launched a 40-shade range of foundations, which helped to revolutionize diversity in the beauty industry. The United States and Asia rose sharply over the course of the year, while Europe, which is experiencing a gradual recovery, returned to growth in the fourth quarter compared to 2019. LVMH's Profile, Revenue and Employees. Bully used his expertise and talent to create the Vinaigre de Toilette cosmetic vinegar which served as a skin tonic, cure-all, and deodorant. The deal, which LVMH announced in March 2011, dramatically expanded the companys Watches and Jewelry business group. The Groups record results could not have been achieved without the efficiency and exceptional ability of our teams to adapt and notably to remain connected to our customers, continuing to inspire dreams, despite the crisis. LVMH Mot Hennessy Louis Vuitton, the world's leading luxury goods group, recorded revenue of 79.2 billion in 2022 and profit from recurring operations of 21.1 billion, both up 23%. For the purposes of its financial communication, in addition to the accounting aggregates defined by the IAS/IFRS standards, LVMH uses alternative performance measures established in accordance with AMFs position DOC-2015-12. Revenue up 18% for the Watches and Jewelry Business Group. All business groups achieved significant organic revenue growth over the year (see table on page 3). The year marked the integration, from the third quarter onwards, of the prestigious Champagne House Armand de Brignac, in which LVMH holds a 50% stake. Condensed consolidated accounts for 2022 are included in the PDF version of the press release. Most valuable global luxury brands 2022; UK: revenue of luxury goods market 2012-2025, by product category . Arnault took a majority stake in the company and has since guided LVMH in a fast-paced acquisition spree, picking up dozens of new acquisitions in the past three decades. TRANSLATION OF THE FRENCH FINANCIAL DOCUMENTS: FISCAL YEAR ENDED DECEMBER 31, 2019, Page 8. LVMH owns 75 main brands split across five main businesses -- fashion and leather goods (46% of its revenue in the first nine months of 2020), selective retailing (24%), perfumes and cosmetics (12 . Record Results for LVMH in 2019. Despite the uncertainties that remain at the start of this new year, which continues to be disrupted by health concerns, we approach 2022 with confidence and are convinced that LVMH is in an excellent position to further strengthen its lead in the global luxury market.. [Online]. It was founded by Dominique Mandonnaud. Tiffany, Christian Dior, Veuve Clicquot, Fendi, Bulgari, and Sephora are major brands owned by LVMH (Mot Hennessy Louis Vuitton). Profit from recurring operations was up 48%. LVMH Diversity & Inclusiveness Transparency. Watches & Jewelry: rapid growth in jewelry and watches. The balance of 7 euros will be paid on April 27, 2023. It . The deal is also expected to strengthen Tiffanys presence in Europe and China. The continued growth of the Collection Prive and the skincare lines Prestige,Capture Totale and LOr de Vie also contributed to the progress of the Maison. Le Parisien is a general interest news media brand that is read by around 18 million people across various formats each month. Access information. LVMH Completes the Acquisition of Tiffany & Co. LVMH Reaches Agreement with Tiffany & Co. Bernard Arnault, Chairman and CEO of LVMH, said: Our performance in 2022 illustrates the exceptional appeal of our Maisons and their ability to create desire during a year affected by economic and geopolitical challenges. It reported net profit of 4.7 billion on revenue of 44.7 billion ($53.0 billion) in 2020. The New York Times. The brand made headlines after launching a collection of luggage with the brand Supreme in December 2018. What we believe is most impressive is the organic growth, it is clear LVMH's strategic . Its parent company Boussac had filed for bankruptcy and the French government was looking for a buyer for the Paris-based brand that owned a number of companies, including Dior. LVMH touts Woodinville as one of the top craft distilleries in America and more than just a whiskey. The company was started in Woodinville, Washington state, and makes artisanal, small-batch brown spirits. Fendi. Statista. . The womens ready-to-wear fashion shows created by Nicolas Ghesquire were extremely well-received. While LVMH's operating profit rose 17 percent, to a record 1.96 billion euros or $1.74 billion last year, on a 35 percent increase in revenue to 11.6 billion euros, the results still fell short of . Le Parisiens mission is to provide quality, unbiased information that covers a vast range of subjects. Sephora has more store locations than its rival. Currently, you are using a shared account. The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Mot Hennessy, which was established following the 1971 merger between the champagne . If you are an admin, please authenticate by logging in again. It is sold in Sephora, which is also an LVMH brand. The Leading Source of Insights On Business Model Strategy & Tech Business Models. The product was popular with fashionable and affluent Parisians in the nineteenth century. ", LVMH, Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros) Statista, https://www.statista.com/statistics/245847/revenue-of-the-lvmh-group-worldwide-by-segment/ (last visited March 05, 2023), Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros) [Graph], LVMH, January 26, 2023. 2. The details of the deal were undisclosed. We approach 2023 with confidence but remain vigilant due to current uncertainties. The company had total revenues of 79.2 billion euros that year. Revenue for the third-quarter (ending on September 30) totaled 19.8 billion euros ($19.2 billion), up 19 percent compared to Q3 2021. Revenue in LVMH's jewelry and watches category was up 18% to $11.35 billion in 2022, . Glenmorangie is a Scottish maker of single-malt whisky since 1843. The rights to Moynat were acquired by LVMH in 2010 after the brand had sat idle for over 40 years. The company exists because two friends had a dream to make the worlds best whiskey with traditional bourbon production methods in a craft environment. What Are Masstige Brands? The company was established in 1846 when a group of Spanish leather craftsmen in Madrid were joined by Enrique Loewe, a merchant of Hessian origin. Number of Gucci stores worldwide 2022, by region, Value of the global personal luxury goods market 1996-2022, Global revenue share of Gucci in 2022, by region. Chaumet had a good year and celebrated nature with its Vgtal exhibition in Paris. Use Ask Statista Research Service. The company's Cloudy Bay brand covers white wines, and its Whispering Angel line offers rose, but Schaus said, "we were missing a strong red wine." Moet Hennessy reported revenue of 1.64 billion . The rebound in consumption, in an environment which was already seeing supply constraints, brought further impetus to the strategy of value creation. How LVMH, Tiffanys New Owner, Became the Worlds Biggest Purveyor of Luxury.. Creating Stability in the International Fashion Industry by Using Corporate Structures and Conglomerates., Financial Times. In an environment marked by a limited recovery in international travel and the closure of many points of sale over a period of several months, LVMHs major brands chose to maintain a policy of selective distribution, limiting promotions and growing online sales on their own website. Access your favorite topics in a personalized feed while you're on the go. "Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros)." After three years of renovations, the Maisons historic store at 30 avenue Montaigne, which reopened in Paris in early 2022, enjoyed huge success, offering a new experience of the highest refinement. Operating free cash flow of more than 10 billion. Under LVMHs direction, Belvedere was named the Vodka Producer of the Year for the third consecutive year at the 2017 International Spirits Challenge. Growth was particularly strong in the United States and Europe, which benefited from the reopening of restaurants and the gradual recovery in regional tourism. (January 26, 2023). LVMH purchased Le Parisien from the media group Amaury in 2015. The luxury titan reported double-digit revenue . Most recognizable for: Benefit is a cosmetics company, best known for its makeup. LVMH Revenue by business group and by quarter, 2022Revenue (Organic change verses the same period of2021). "Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros)." Mot Hennessy strengthened its global portfolio of exceptional wines with the acquisition of the Joseph Phelps vineyard, one of the most renowned wine properties in Napa Valley, California. LVMH Mot Hennessy Louis Vuitton, the world's leading luxury products group, recorded revenue of 53.7 billion in 2019, up 15%. Prior to the acquisition, LVMH's total revenue from the Watches & Jewelry segment was at EUR 3.3bn, 18% lesser than Tiffany's. That Tiffany saw a marginal decline in revenue recently could be seen as a red flag. The company's revenue totaled to about 79 billion euros that year, with fashion and leather goods segment accounting for 49 percent of total revenue. Two years later, LVMH purchased Pradas 25.5% stake in Fendi for $262 million to take control of the company. . Appointments at Louis Vuitton and Christian Dior Co FD (condensed consolidated financial statements, consolidated cash flow statement), FD (notes 1.23 and 19 of the appendix to the consolidated financial statements), FD (part 7, Comments on the Consolidated Balance Sheet), FD (part 1, Comments on the Consolidated Income Statement), https://www.lvmh.com/news-documents/press-releases/new-record-year-for-lvmh-in-2022/. Amazon's fashion brand revenue reached an impressive $299.3 billion this year. Doubled operating profit. The Perfumes & Cosmetics business group recorded revenue growth of 17% in 2022 (10% on an organic basis). The distillery is considered a pioneer in the industry, combining traditional practices with innovation and using the tallest stills in Scotland. Operating margin reached 26.7%, up 8 points compared to 2020 and 5 points compared to 2019. Total Starbucks locations globally 2003-2022, U.S. beer market: leading domestic beer brands 2017, based on sales, Revenue and financial key figures of Coca-Cola 2009-2021, Research lead covering Non-food CG & Retail, Profit from additional features with an Employee Account. It then acquired the remaining 70% of the company in 1996 for an undisclosed sum. Within the flourishing market for high-end ros wines, Chteau dEsclans enjoyed rapid growth and Chteau Galoupet continued its conversion to organic viticulture.
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